# Cleveland-Cliffs receives antitrust clearance for ArcelorMittal USA acquisition

Cleveland-Cliffs Inc. announced it received early termination of the waiting period from the FTC for its proposed acquisition of substantially all of ArcelorMittal USA LLC and its subsidiaries. The deal is expected to close in December 2020.

- Type: Acquisition
- Announced: 2020-11-25
- Where: Indiana, United States
- Value: $1.40B
- Status: announced
- Products: flat-rolled steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Nippon Steel](https://endata.com/companies/7455.md)
- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [Cleveland-Cliffs](https://endata.com/companies/27377.md) (acquirer)
- [ArcelorMittal USA](https://endata.com/companies/50188.md) (target)

## Sources

- [stocktitan.net](https://www.stocktitan.net/news/CLF/cleveland-cliffs-receives-antitrust-clearance-from-us-department-of-4ia4r7znd6td.html), 2020-11-25: "We are pleased that the federal antitrust authorities have cleared our transaction ahead of schedule."
- [azovpromstal.com](https://www.azovpromstal.com/news/one/id/8477?lng=en), 2020-11-26: "We are delighted that the federal antimonopoly authorities have approved our deal ahead of schedule."
- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/nippon-steel-transfers-interest-in-jvs-after-acquisition-of-arcelormittal-usa-1176992.htm), 2020-12-10: "Nippon Steel Corporation has announced that it has completed the transfer of the company's partnership interests in the continuous cold rolling plant I/N Tek and the galvanizing line I/N Kote, joint ventures between Nippon Steel Corporation and global steel giant ArcelorMittal, to ArcelorMittal."
- [sullcrom.com](https://www.sullcrom.com/About/News-and-Events/Highlights/2020/December/SC-Advises-Nippon-Steel-on-Joint-Ventures-with-ArcelorMittal), 2020-12-22: "NSC exercised its put options to sell its 50 percent and 40 percent interests in these joint ventures to ArcelorMittal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.